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Nov 19, 2012
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what the party could learn from ronald reagan when it comes to the facing the next decade. a reagan biographer joins us with his take on all of this. >>> also, a statute of the late pope john paul ii igniting a controversy in rome. the makeover sparking a -- the uproar causing a hasty makeover. straight ahead. are you receiving a payout from a legal settlement or annuity over 10 or even 20 years? call imperial structured settlements. the experts at imperial can convert your long-term payout into a lump sum of cash today. tomato, obviously. haha. there's more than that though, there's a kick to it. wahlalalalallala! smooth, but crisp. it's kind of like drinking a food that's a drink, or a drink that's a food, woooooh! [ male announcer ] taste it and describe the indescribable. could've had a v8. jenna: talk about the fiscal cliff and the economy, we wanted to show you what's happening with the dow this week. holiday week normally is light trading, but you can see the dow is rallying more than 170 points after a few tough weeks on wall street. a couple reasons for this, we ha
what the party could learn from ronald reagan when it comes to the facing the next decade. a reagan biographer joins us with his take on all of this. >>> also, a statute of the late pope john paul ii igniting a controversy in rome. the makeover sparking a -- the uproar causing a hasty makeover. straight ahead. are you receiving a payout from a legal settlement or annuity over 10 or even 20 years? call imperial structured settlements. the experts at imperial can convert your long-term...
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Nov 17, 2012
11/12
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CURRENT
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you need to be in had you a position and ronald reagan negotiated this way beautifulliy multiple times. boehner has to say this guy is crazy he will take us over the cliff and we have the worst possible case, we have to cut that deal. the deal at best is going to get half the republicans and a little more than haf the democrats. the president has to make sure he keeps his democrats in the tent because they are not going to be happy with some of the elements of change and we have seen a coalition of labor and liberals saying no way. >> so, in the nitty-gritty before we get to entitlements. what if -- would it be better if we increase taxes on a larger group of people everybody making over 250,000 by a smaller amount or increasing taxes on a smaller group making more than a million and go up to 39.6%. what is more likely to happen? >> it's more likely to be the former than the latter. i must tell you jennifer, i don't much care, you have to get that revenue target. the president said 1.6 trillion. you probably end up compromising at 1.2 trillion from taxes. you have to figure out what yo
you need to be in had you a position and ronald reagan negotiated this way beautifulliy multiple times. boehner has to say this guy is crazy he will take us over the cliff and we have the worst possible case, we have to cut that deal. the deal at best is going to get half the republicans and a little more than haf the democrats. the president has to make sure he keeps his democrats in the tent because they are not going to be happy with some of the elements of change and we have seen a...
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Nov 17, 2012
11/12
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we saw with ronald reagan and bill clinton. with a second term and a better economy, you can achieve a lot and become quite popular in the process? does obama have that in him? what do you want him to do now that he has four more years? >> the big thing he has going for him, he has four years he doesn't have to worry about getting re-elected. they start these elections about two years ahead of time usually. and that's where their focus goes on how do i keep doing this job, whether i'm a senator, congressman, or whatever it is, if you are a career politician, you always look out for yourself first. when the president's in this position, having been elected a second time, now he has nothing to lose. >> where do you you this he's been weak and where does he need to be stronger? >> i think he's been weak. my son was a huge obama supporter until obama ordered that american's death with the drone and then he lost my son. my son was so offended that a president could kill a united states citizen without a trial, without anything like
we saw with ronald reagan and bill clinton. with a second term and a better economy, you can achieve a lot and become quite popular in the process? does obama have that in him? what do you want him to do now that he has four more years? >> the big thing he has going for him, he has four years he doesn't have to worry about getting re-elected. they start these elections about two years ahead of time usually. and that's where their focus goes on how do i keep doing this job, whether i'm a...
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Nov 16, 2012
11/12
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my god, you would have thought that i had knocked over a bust of ronald reagan. i'm not done. i've got a long list here. >> that's your problem. >> this is not about me. this is important to say. nobody was saying this, and they weren't saying this for a reason. right after the convention. i did a series of tweets, huffington post mutt it uput it they said romney's team's in trouble. they need to turn it around. it's slipping out of their grip quickly. they're in trouble. then finally the libyan press conference that he gave that was such a disaster, the next morning, i went out, i said, this is the worst thing, mark stein at "national review" and all these other people went crazy talking about how i was a rhino and i was this. it was stupidity. then they decided to come at us saying we doctored a tape and obsessed for a week over two seconds where we felt they said ryan, they thought they said romney. so while all of these conspiracy theories are spewing on the right and the conservative entertainment complex, barack obama's team is organizing. and they're targeting. and inst
my god, you would have thought that i had knocked over a bust of ronald reagan. i'm not done. i've got a long list here. >> that's your problem. >> this is not about me. this is important to say. nobody was saying this, and they weren't saying this for a reason. right after the convention. i did a series of tweets, huffington post mutt it uput it they said romney's team's in trouble. they need to turn it around. it's slipping out of their grip quickly. they're in trouble. then...
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Nov 12, 2012
11/12
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ronald reagan tea party and the rest. the nation is changing, it is younger and less white. first thing the republicans ought to do is get rid of "o" in g.o.p., grand old party. they need an infusion of young and hispanic and black leaders. every time the republicans put one up, condoleezza rice or clarence thomas or whoever, nikki haley, they are being bashed as anti-women they have to keep trying. >> romney lost by two points. you spent decades at "new york times" which is most powerful news single entity. how do you see the political coverage of the "new york times"? >> i think there is no doubt most of reporters at the "new york times" lean democratic. there were reporters when george bush that were republican but the same reporters. i don't think you win because the "new york times" endorses you or doesn't endorse you. i think it's irrelevant. people aren't reading it as they used to. >> even journalistic study that president obama sailed in the primaries based on media affection. >> that is not going to help you overcome what he was up against. barack obama defied hist
ronald reagan tea party and the rest. the nation is changing, it is younger and less white. first thing the republicans ought to do is get rid of "o" in g.o.p., grand old party. they need an infusion of young and hispanic and black leaders. every time the republicans put one up, condoleezza rice or clarence thomas or whoever, nikki haley, they are being bashed as anti-women they have to keep trying. >> romney lost by two points. you spent decades at "new york times"...
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Nov 20, 2012
11/12
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see ronald reagan making the case not for legalization but for amnesty using that word. i think a majority of republicans are pro immigration that the have been afraid for the past six years about that lobby which has an incredible political machine and anybody that says anything constructive about immigration would be called the label primm st, and certainly some talk-show hosts. i think this election cycle has dramatically changed that. i can at least remember half a dozen talk shows had already said my position has evolved and now i am for immigration reform. but that is good because will give cover to a lot of republicans who have avoided this issue will want to deal with this issue to actually do it. so we have to reclaim the issue and we can do it because immigration reform is the conservative position. restriction is part of the nationalist protectionist paradigm and if we are the party of the family come if we are the party of the free market we should not in any way have a restriction as to position if we are for the family i don't see how -- i don't see why we
see ronald reagan making the case not for legalization but for amnesty using that word. i think a majority of republicans are pro immigration that the have been afraid for the past six years about that lobby which has an incredible political machine and anybody that says anything constructive about immigration would be called the label primm st, and certainly some talk-show hosts. i think this election cycle has dramatically changed that. i can at least remember half a dozen talk shows had...
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Nov 20, 2012
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that's something ronald reagan and jack kemp find of figured out how at least to sell a generation ago and this generation of republicans has yet to figure out. >> i guess i was one of the takers with the student loans. i'm one of the 47%. howard fineman, thank you. i think we all went to school on loans. have a nice thanksgiving. >>> coming up, so much has been made of the fact that president obama got only 39% of the white vote in this country. national problem for the president? not really when you realize in deep south mississippi he got about 10%. a lot of his problem is in the south. it's just the historic problem the democratic party, white or black candidates have this problem having a tough time. also the battle for hillary's job. it's getting hot. it's the first big decision president obama has to make since his re-election. it looks like it's between john kerry and u.n. ambassador susan rice. will the president go with the 2004 presidential candidate or his apparent favorite? and a report from gaza and the latest on the fighting there that i think could lead to a war with ir
that's something ronald reagan and jack kemp find of figured out how at least to sell a generation ago and this generation of republicans has yet to figure out. >> i guess i was one of the takers with the student loans. i'm one of the 47%. howard fineman, thank you. i think we all went to school on loans. have a nice thanksgiving. >>> coming up, so much has been made of the fact that president obama got only 39% of the white vote in this country. national problem for the...
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Nov 15, 2012
11/12
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we haven't touched it since ronald reagan, really, in 1986. bill clinton didn't do so at one point, but we haven't done anything to reform are cool. this capital investment and the people, to follow our country in the competitive environment, and taxes is one of them. when you do that, you will get more revenue. it's guaranteed. again, it is sort of that thing we were talking about earlier. this is an opportunity for us as a country. and if you look at the congressional budget office analysis, what tax reform could mean in terms of macroeconomic impact of growth, i mean, all of them will lead to more growth, whether it is corporate tax reform or individual tax reform. >> he said this was fought over in the campaign and we fought over tax rates. rising tax rates. jay carney, the white house press secretary did say that the president will veto any bill that extends the current tax rates. so he insists that tax rates go up those making over $250,000. what would your recommendation be to the republican party in the senate? >> first, i believe the
we haven't touched it since ronald reagan, really, in 1986. bill clinton didn't do so at one point, but we haven't done anything to reform are cool. this capital investment and the people, to follow our country in the competitive environment, and taxes is one of them. when you do that, you will get more revenue. it's guaranteed. again, it is sort of that thing we were talking about earlier. this is an opportunity for us as a country. and if you look at the congressional budget office analysis,...
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Nov 18, 2012
11/12
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>> ronald reagan said, i will not hold your youth and inexperience against you. >> and later, why unlikely bedfellows are teaming up to make sure the littlest americans don't get neglected in the fiscal cliff standoff. you're watching msnbc, the place for politics. ♪ i'd do anything for you, dear ♪ ♪ anything, yes, i'd do anything ♪ ♪ anything for you ♪ and you learned something along the way. this is the age of knowing what you're made of. so, why let erectile dysfunction get in your way? talk to your doctor about viagra. 20 million men already have. ask if your heart is healthy enough for sex. do not take viagra if you take nitrates for chest pain; it may cause an unsafe drop in blood pressure. side effects include headache, flushing, upset stomach, and abnormal vision. to avoid long-term injury, seek immediate medical help for an erection lasting more than four hours. stop taking viagra and call your doctor right away if you experience a sudden decrease or loss in vision or hearing. this is the age of taking action. viagra. talk to your doctor. see if america's most prescrib
>> ronald reagan said, i will not hold your youth and inexperience against you. >> and later, why unlikely bedfellows are teaming up to make sure the littlest americans don't get neglected in the fiscal cliff standoff. you're watching msnbc, the place for politics. ♪ i'd do anything for you, dear ♪ ♪ anything, yes, i'd do anything ♪ ♪ anything for you ♪ and you learned something along the way. this is the age of knowing what you're made of. so, why let erectile...
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Nov 17, 2012
11/12
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ronald reagan made his progress with the soviets in the second term. bill clinton almost got a middle east peace deal in the second term. so i do think there's a sense when you look abroad the president has more opportunities to leave a mark. >> john do you think, those that the scandal involving cia director former cia director david petraeus could derail the efforts he's trying to get going here? >> this one won't derail it but it's a very good example of the kind of thing that tends to turn up for season in more in a second term. you know iran-contra for president reagan rather famously president clinton's impeachment was in the second term. so it may not be this one, but, you know there is kind of a coincidence that time consuming scandals do pop up in those last four years. >> it's interesting you bring up legacy. one of the issues with the fiscal cliff is what kind of legacy would john boehner or the president leave behind when they leave office if they can't get a deal done and what about a second term compromising and going your own route. >> t
ronald reagan made his progress with the soviets in the second term. bill clinton almost got a middle east peace deal in the second term. so i do think there's a sense when you look abroad the president has more opportunities to leave a mark. >> john do you think, those that the scandal involving cia director former cia director david petraeus could derail the efforts he's trying to get going here? >> this one won't derail it but it's a very good example of the kind of thing that...
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Nov 14, 2012
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. >> in your book you say ronald reagan lied about poverty so he could succeed. you wrote middle class folks didn't have to worry they were indulging resentment. they were doing it because those programs hurt poor people. reagan said so. do the republicans still believe this message? >> i don't know if they really believe it. i don't know if they care. they don't care about the poor, but they've been selling it for a long time, ed. i'm with michael. he is looking backwards to an america that wasn't as wonderful as he thinks, and he's becoming kind of like a glenn beck figure. he's really not leaving it alone. when he went here on election night, i thought maybe he'll get over it. the majority of americans voted for barack obama. we have values. the majority of catholics voted for barack obama. a vast majority of jews voted for president obama. he has a problem with white protestant southern evangelical people, but he doesn't have -- it's not his whole coalition is secular. we have values, too. >> professor, how can we not come to the conclusion that bill o'reilly
. >> in your book you say ronald reagan lied about poverty so he could succeed. you wrote middle class folks didn't have to worry they were indulging resentment. they were doing it because those programs hurt poor people. reagan said so. do the republicans still believe this message? >> i don't know if they really believe it. i don't know if they care. they don't care about the poor, but they've been selling it for a long time, ed. i'm with michael. he is looking backwards to an...
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Nov 15, 2012
11/12
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reagan was with the blowing up of the u.s. marines in beirut. >> this administration continues to put out things that are just not quite true. >> smear, character assassination, judgment before all the facts are in. >> we're getting that video in. house and senate committees will both hearings tomorrow as we reported a few minutes ago. former cia director david petraeus is expected to testify. you see some of the tone and tenor of what will perhaps happen behind closed doors tomorrow. i'm tamron hall. you can watch "news nation" every day 2:00 p.m. eastern time. "the cycle" is up next. into their work, their name on the door, and their heart into their community. small business saturday is a day to show our support. a day to shop at stores owned by our friends and neighbors. and do our part for the businesses that do so much for us. on november 24th, let's get out and shop small. challenge the need for such heavy measures with olay. regenerist micro-sculpting serum for firmer skin in 5 days. pretty heavy lifting for such a lig
reagan was with the blowing up of the u.s. marines in beirut. >> this administration continues to put out things that are just not quite true. >> smear, character assassination, judgment before all the facts are in. >> we're getting that video in. house and senate committees will both hearings tomorrow as we reported a few minutes ago. former cia director david petraeus is expected to testify. you see some of the tone and tenor of what will perhaps happen behind closed doors...
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Nov 19, 2012
11/12
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that was tried by ronald reagan. nonsense. what are we continuing with this? the party has to show more empathy. not because i am successful i will think that everybody else is [indiscernible]. my parents instilled in the hard work. also, government systems or programs helped me to get an education. it helped me to be where i am today. host: loou is on the line from waterbury, connecticut -- lou. caller: i am a registered republican, but i have been voting libertarian since the mid-1990's. i agree with everything mitt romney has said. when ronald reagan was president, approximately 29% of the american public got some kind of government assistance. today the number is 49% almost. thomas jefferson said it best. "once public realizes you have treasury, the republic is doomed." you have too many people suc king it up. a politician is robbing peter to pay paul will always have paul's vote. we have to cut the size of the federal government by 90%. we need to abolish social security, medicare, food stamps, these are all social programs. host: the previous caller talk
that was tried by ronald reagan. nonsense. what are we continuing with this? the party has to show more empathy. not because i am successful i will think that everybody else is [indiscernible]. my parents instilled in the hard work. also, government systems or programs helped me to get an education. it helped me to be where i am today. host: loou is on the line from waterbury, connecticut -- lou. caller: i am a registered republican, but i have been voting libertarian since the mid-1990's. i...
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Nov 15, 2012
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reagan was asked if he had anything to say to the people in the country who did not vote for him and who did not feel that they were part of the reagan revolution. he was also asked about nancy reagan falling down and bumping her head right before the election. he said that she had a tender lump on the side of her head, but that she would be fine. in president clinton's first press conference, after he was re-elected to a second term, the president started to answer a question about the role of first lady hillary clinton in the second clinton term, before he sort of diverted himself into talking about just how damned tired he was. >> well, let me answer the question about hillary. i think what first lady will do is something that i think it will be consistent with what she's been doing, but we have not, frankly, we've been too tired to talk about it. yesterday, i'm embarrassed to tell the american people, i actually slept past noon. i was tired. >> there's no shame in that. >> in the first press conference that george w. bush gave after he was re-elected in 2004, the president gave a
reagan was asked if he had anything to say to the people in the country who did not vote for him and who did not feel that they were part of the reagan revolution. he was also asked about nancy reagan falling down and bumping her head right before the election. he said that she had a tender lump on the side of her head, but that she would be fine. in president clinton's first press conference, after he was re-elected to a second term, the president started to answer a question about the role of...
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Nov 18, 2012
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we have not touched it since ronald reagan. bill clinton raised at one point, but we have not done anything to touch the rates. the flow of capital investment and people is going to follow up of countries that have a more competitive environment. we have reformed the tax code and when we do that, you will get more revenue, it is guaranteed. we talked about earlier, there are opportunities here, for us as a country. for the joint tax analysis and what it could mean for macro- economic growth, ultimately it will lead to more growth. >> but if the president insists and says as he did last friday that this was fought over in the campaign and we fought over rising tax rates the white house tax secretary said the president would veto every bill that extends the current tax rate. if he insists that they go up, what would your recommendation be? >> having looked in two -- having worked in two white houses, first you want a president that can veto the -- the fiscal secretary, first of all. first of all, it was a bit behind the curve. it
we have not touched it since ronald reagan. bill clinton raised at one point, but we have not done anything to touch the rates. the flow of capital investment and people is going to follow up of countries that have a more competitive environment. we have reformed the tax code and when we do that, you will get more revenue, it is guaranteed. we talked about earlier, there are opportunities here, for us as a country. for the joint tax analysis and what it could mean for macro- economic growth,...
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Nov 14, 2012
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we haven't touched it since ronald reagan really. in 1986. bill clinton did raise the rate one point but we haven't done anything to touch our rate and reform our code. every other country, all of them have. taxes gone from 16% to 15%. you do business there. this flow of capital will follow countries that have more competitive environment and taxes are one of them. yes, we have to reform the tax code. when you do that, i will get more revenue. it is guaranteed. again, sort of as i was talking about earlier. this is opportunities here. this is opportunity for us as a country. if you look at the congressional budget analysis and joint tax committee analysis, what tax reform could mean in terms of macroeconomic impact and growth, all will lead to more growth, whether corporate tax reform or individual tax reform. >> right but if the president insists as he did last friday, this was fought over in the campaign and, fought over tax rates, rising tax rates, he didn't ice the words rates himself but jay carney, the white house press secretary said t
we haven't touched it since ronald reagan really. in 1986. bill clinton did raise the rate one point but we haven't done anything to touch our rate and reform our code. every other country, all of them have. taxes gone from 16% to 15%. you do business there. this flow of capital will follow countries that have more competitive environment and taxes are one of them. yes, we have to reform the tax code. when you do that, i will get more revenue. it is guaranteed. again, sort of as i was talking...
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Nov 20, 2012
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. >> ronald ra reagan did the same thing. inside the government of the united states. particularly at the pentagon, you can bring pressure to bear against the israeli defense forces by simply saying you know, those spare parts that you need, the maintenance chance that's got to be done on those aircraft, boy, that stuff is going to get there a little bit slower. it's happened before. eisenhower did it in '54. >> this is an area of the world you know very, very well. radical islamists you understand very well. we had the turkish prime minister saying israel is a terrorist straight. these are ec echoed by president morsi and by the prime minister who went to hang out with hamas, so the question is now israel is surrounded. they've got hezbollah on the north, they've got hamas, syria and egypt, and we've got a proxy war by iran. >> and great instability occurring in jordan. look. all of this goes back to things like benghazi because in the aftermath of this administration claiming all kinds of different things about the death of bin laden and now terrorism was done, the r
. >> ronald ra reagan did the same thing. inside the government of the united states. particularly at the pentagon, you can bring pressure to bear against the israeli defense forces by simply saying you know, those spare parts that you need, the maintenance chance that's got to be done on those aircraft, boy, that stuff is going to get there a little bit slower. it's happened before. eisenhower did it in '54. >> this is an area of the world you know very, very well. radical...
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Nov 17, 2012
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reagan did. >> when you talk about pulling that coalition together, how do you do that? in this election, the republicans lost every group of color, african-americans, they lost asian-americans, they lost hispanic americans. yes, you need to bring that coalition together but the question is how do you do it? >> politics is a game of inches. you try to improve with every conceivable subset across the country in these communities. they way you do it is a lot like in your personal life. you're making riche ing relatio friendships and talk to them to see what they think are the policies to make this country better. president george w. bush did that well and other republicans inside the party do that extremely well in addition to him. the key is this. our party does not need to change its beliefs. its beliefs are still very popular across the country. i think the way we've explained what we want to do has really fallen short and that's the easier problem to fix. >> i want to read you something from "politico" this week. "the people have spoken. i think we're going to have to
reagan did. >> when you talk about pulling that coalition together, how do you do that? in this election, the republicans lost every group of color, african-americans, they lost asian-americans, they lost hispanic americans. yes, you need to bring that coalition together but the question is how do you do it? >> politics is a game of inches. you try to improve with every conceivable subset across the country in these communities. they way you do it is a lot like in your personal...
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Nov 19, 2012
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reagan in 1980. mitt romney was the ultimate remainder man. that's why they have an easier time of dumping on him right now. >> so the clown car has backed up to run over mitt romney. that's the image for the night tonight. >> yes, it is. >> like that woman who didn't like her husband, remember she drove over her husband in the parking lot and drove over him again. i don't want to get involved in that legal case but i do remember the pictures. let's go to john heilemann here. is this the clown car as howard beautifully put it backing up over the guy that outcorkoutdorm and won the election? >> some of these people are not certifiable clowns who are saying these things about romney though i don't disagree with howard's characterization in general. i do think -- >> gingrich -- >> i think it's fair to say that part of romney's problem was that he was really always an incredibly bad fit with the republican party on almost every level. he was not most of the things the republican party is today nor really
reagan in 1980. mitt romney was the ultimate remainder man. that's why they have an easier time of dumping on him right now. >> so the clown car has backed up to run over mitt romney. that's the image for the night tonight. >> yes, it is. >> like that woman who didn't like her husband, remember she drove over her husband in the parking lot and drove over him again. i don't want to get involved in that legal case but i do remember the pictures. let's go to john heilemann here....
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Nov 18, 2012
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bush and before that president ronald reagan. we have to talk about action. with what the president said, it sounded very logical. he said many of the right things. the one challenge i would have for the democrats, which is something that we have to -- they need to come to grips with it as well -- is that when i hear, for example, the president talking about immigration, we tend to talk about it as a onetime situation. we secure the border, and then we take care -- we have a path to legalization. we take care of the kids. we have a dream act. we have done it. that is only half of the job, maybe even less. the big challenge is where do we go from here? are our caps big enough? i will give you an example. in agriculture it takes four months to get a permit to work as a temporary worker because you have to go through agencies and bureaucracy. in for months, your harvest is gone. it does not work for the marketplace. i would like to hear the president talking about where the democrats are also willing to go in the future, and to think about this as an economic, s
bush and before that president ronald reagan. we have to talk about action. with what the president said, it sounded very logical. he said many of the right things. the one challenge i would have for the democrats, which is something that we have to -- they need to come to grips with it as well -- is that when i hear, for example, the president talking about immigration, we tend to talk about it as a onetime situation. we secure the border, and then we take care -- we have a path to...
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Nov 16, 2012
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art laugher, former economic advisor to president ronald reagan with me today. art, good morning to you and welcome back. >> how are you, bill? bill: doing fine. thank you for your time. i look at some issues share with producers today. you say this is really serious and you underscore that. everybody considers it serious. you worked at the white house. you were in on these meetings. is this a forum for negotiation or is this -- what happens? >> it is a little talking to. they will both come in with their sides, their positions. there will be some sort of testing of the waters. we will see how responses are afterwards. we'll see aggressive play. then you will see which side starts giving in. we'll be following that in the next couple weeks. but obama has made it very clear, he believes he has a mandate but he really doesn't. he only got barely over 50% of the vote. reagan got 59% of the vote in his second term. the nixon won everything except massachusetts. so this is by no means a mandate. republicans still control the house. bill: let me be a little more speci
art laugher, former economic advisor to president ronald reagan with me today. art, good morning to you and welcome back. >> how are you, bill? bill: doing fine. thank you for your time. i look at some issues share with producers today. you say this is really serious and you underscore that. everybody considers it serious. you worked at the white house. you were in on these meetings. is this a forum for negotiation or is this -- what happens? >> it is a little talking to. they will...
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we haven't touched it since ronald reagan in 1986. bill clinton did raise it at one point but we haven't done anything to touch the rate and reform -- tecum from 16.5% to 15% which most of you are aware of because you do business there, and this capital investment is going to follow countries that have a more competitive environment in taxes is one of them's a we have to reform the tax code and when you do that you will get more revenue. it's guaranteed. again, as i was talking at earlier there are opportunities here for us as a country and if you look at the congressional budget analysts this and go to the tax committee analysis what tax reform could mean in the economic growth and all of them will lead to more growth with this corporate tax reform. estimate of the president says what he did last friday, this was fought over in the campaign and we fought over rising tax rates. jay carney said they would veto any bill that extends the current tax rate so if he insists that tax rates go out for those making over to under $50,000 will w
we haven't touched it since ronald reagan in 1986. bill clinton did raise it at one point but we haven't done anything to touch the rate and reform -- tecum from 16.5% to 15% which most of you are aware of because you do business there, and this capital investment is going to follow countries that have a more competitive environment in taxes is one of them's a we have to reform the tax code and when you do that you will get more revenue. it's guaranteed. again, as i was talking at earlier there...
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think of ronald reagan and tip o'neill reforming social security. ronald reagan and tip o'neill doing the last comprehensive tax reform. bill clinton and republican congress doing welfare reform and balancing the budget. we look forward to making this divided government productive for the american people. and we have, of course, as everyone well knows, a lot of challenges here at the end of the year. i'll be meeting with the president and the other leadership on friday to talk about the way forward. and we look forward to being a part of the solution to these significant problems. it's my plesh shoe now to turn to our newly elected whip, senator john cornyn of texas. >> thanks, mitch. it's an honor to be elected by my colleagues to serve as the whip. the assistant leader on the republican side. as leader mcconnell said, we have a lot of very difficult work to do, but we are committed to working with our colleagues across the aisle to solving the nation's urgent problems. we know what those are in the lame duck. we know what those are going forward.
think of ronald reagan and tip o'neill reforming social security. ronald reagan and tip o'neill doing the last comprehensive tax reform. bill clinton and republican congress doing welfare reform and balancing the budget. we look forward to making this divided government productive for the american people. and we have, of course, as everyone well knows, a lot of challenges here at the end of the year. i'll be meeting with the president and the other leadership on friday to talk about the way...
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[talking over each other] a big part of it was ronald reagan's in the reform act of 1886 that, you know, increased reductions and what have you. when i got out of school, probably before both of you were born, it was in the middle 20s. and the direction we are going, guys, it will be in the mid- 50s. in the argument of so-called fairness, we are telling, you know, the top few% that pay 43% of all taxes, it is only fair you pay more. i hope it will be a very welcome outcome. connell: largely, i am sure, it is 2% versus 98% when you pull it. it is very popular, the idea of raising taxes on the rich. they favor extending the bush tax cuts except for the wealthy. neil: you assume that the rich guy pay for it. what i would not do at that table, i would not -- about the appetizer. then, what happens is we penalize those who provide -- believe me, i am not one of these, by the way, nothing wrong with that. i just think it is a disjointed argument. one thing romney did get right, although he maybe did not articulate as well as he should have, it is about everyone having a stake in the action. e
[talking over each other] a big part of it was ronald reagan's in the reform act of 1886 that, you know, increased reductions and what have you. when i got out of school, probably before both of you were born, it was in the middle 20s. and the direction we are going, guys, it will be in the mid- 50s. in the argument of so-called fairness, we are telling, you know, the top few% that pay 43% of all taxes, it is only fair you pay more. i hope it will be a very welcome outcome. connell: largely, i...
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reagan, the outsourcing of our jobs. there are a lot of people trying to live and $10 an hour while they are getting social security, medicare, taking out of their money, and then they are told by people like paul ryan and mitt romney that that is an entitlement. to me, that is like more of a ponzi scheme if they take that away. getting back to the elephant in the room, until we start talking about structurally change in this country beyond fighting over taxes -- you can fight over moving around the chairs on the titanic, but what really needs to be done is we need to repeal the trade agreement, look at taxing goods from china, and we need to get jobs back into this country, manufacturing jobs with wages people can live on and pressure for wages to go up. right now, the pressure is for wages to go down. you are fighting over what is less of the money coming in. host: let's go to the congressman. guest: this is an important issue that was fought over in the campaign. we need to support manufacturing in this country. i com
reagan, the outsourcing of our jobs. there are a lot of people trying to live and $10 an hour while they are getting social security, medicare, taking out of their money, and then they are told by people like paul ryan and mitt romney that that is an entitlement. to me, that is like more of a ponzi scheme if they take that away. getting back to the elephant in the room, until we start talking about structurally change in this country beyond fighting over taxes -- you can fight over moving...